Cognitive Regulatory Capture

Cognitive Regulatory Capture

n. Psychology.

A condition of conflict or anxiety resulting from inconsistency between one’s duty as regulator and one’s actions, such as regulating the banking sector and trying to become well-liked by bankers. If the condition persists, CRC can mutate into an infectious disease, leading to euphoria and irrational exuberance. Can be fatal to the economy if allowed to continue for many years.

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.